EUR/USD Intraday technical analysis and trading plan

This week starts with news about China and COVID and will go on with Eurozone inflation data and other crucial events

Relevance up to 22:00 2022-06-18 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

The EURUSD looked oversold while approaching the price levels of 1.0800. That's when a temporary upside movement was approaching the price levels around 1.1200. This recent movement towards 1.1200 was suggested for another SELL opportunity which already reached its targets beyond the price level of 1.0400. The previous ascending movement above 1.0600 enabled further advancement towards 1.0800 where evident bearish rejection arises again. On the other hand, the pair remains trapped under selling pressure to challenge the recent daily low around 1.0350 where price action should be watched.

 

Read more: https://www.instaforex.eu/forex_analysis/280671

This week starts with news about China and COVID and will go on with Eurozone inflation data and other crucial events

InstaForex Analysis

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